Skip to main content
1406 Summit Street
Austin, TX, 78741
$1,150,000
Beds
0 Baths
2,292 SqFt
0.26 Acres
Add
Prime Investment Opportunity Minutes from Downtown Austin!

Located just minutes from downtown Austin, this multi-unit income property offers outstanding rental revenue and future development potential. Currently generating over $10,000/month with 3 successful units and a 3-year proven income history, this property is a must-see for investors or buyers looking to offset mortgage costs!

Key Features:
-Total Property Size: 11,325 sq ft lot with 2,292 sq ft of living space and a view of downtown Austin. Walking distance to Lady Bird Lake and many restaurants.
-Main House (1,522 sq ft): A charming 4-bed, 2-bath home featuring a cozy dining room, covered porch, and plenty of natural light. Perfect for comfortable living.
-ADU #1 (385 sq ft): A stylish first-floor studio with its own entrance and a vibrant Austin-inspired mural. Ideal for guests or additional rental income.
-ADU #2 (385 sq ft): A second-floor studio with a unique Willie Nelson mural, offering both charm and functionality. Great for short-term rentals or a private retreat.
-High Income Potential: All three units are currently short-term rentals with top ratings (4.8+), providing a steady stream of income. With 3 years of proven revenue of $10k/month, this is an opportunity you can’t pass up!
-Zoning & Future Potential: Zoned SF3/MF4, allowing for multi-family development with options to expand or build additional units—offering long-term growth potential. Feasibility study has been completed and can be shared with interested buyers.

Whether you’re looking for a high-performing rental property or a site for future multi-family development, this location offers both immediate returns and long-term potential. Don’t miss this rare opportunity – schedule a tour today!

Property Details

Price:
$1,150,000
MLS #:
9601441
Status:
Active
Beds:
0
Baths:
0
Address:
1406 Summit Street
Type:
Multi Family
Subtype:
Triplex
Subdivision:
Elmhurst
City:
Austin
Listed Date:
Dec 4, 2024
State:
TX
Finished Sq Ft:
2,292
ZIP:
78741
Lot Size:
11,326 sqft / 0.26 acres (approx)
Year Built:
1938
Ask a Question

See this Listing

Send
  

Mortgage Calculator

 

Schools

School District:
Austin ISD
Elementary School:
Travis Hts
Middle School:
Lively
High School:
Travis

Interior

Appliances
Dishwasher, Free- Standing Gas Range, Refrigerator, Washer/ Dryer
Cooling
Central Air, Varies by Unit
Flooring
Tile, Wood
Heating
Central, Varies by Unit

Exterior

Community Features
None
Exterior Features
Gutters Full, Private Entrance, Private Yard
Other Structures
Guest House, Shed(s), See Remarks
Parking Features
Off Street
Roof
Shingle

Financial

Taxes
$9,561

Map

Community

Similar Listings Nearby

1406 Summit Street
Austin, TX